Top 10 European cities to buy a property in 2024 unveiled
A new study has revealed the best European cities for purchasing property in prime areas - and Britons might be surprised to find one major UK city on the list.
A new study conducted by Cryptorush has identified the best European cities for purchasing property in prime areas.
This ranking is based on an exhaustive analysis of 100 cities across Europe, utilising a comprehensive index that assesses several critical factors: property prices, rental prices, rental occupancy rates, cost of living, and average income.
To create this index, the research gathered data on the average price per square meter for properties in the most desirable neighbourhoods within each city. It also collected information on rental prices for an 85m² apartment and the rental occupancy rates in these sought-after areas.
The analysis also included the cost of living and average income levels to provide a thorough understanding of the economic conditions in each city.
By weighting each of these factors, a total index score was calculated for each city, which enabled the ranking from the most to least attractive locations for property investment.
10. Paris
Paris rounds out the top ten with an index of 0.593. High property prices of €11,800 (£9,908) per square meter are offset by substantial rental yields of €3,100 (£2,603) and a moderate occupancy rate of 66 percent. The city's strong earning potential supports premium property investment.
9. Valletta
Valletta, Malta, secures ninth place with an index of 0.598. Property values of €7,500 (£6,298) per square meter and a high occupancy rate of 75 percent are coupled with lower rental yields of €1,600 (£1,343). The city's lower cost of living and average income make it a manageable investment.
(Image: Getty)
8. Zurich
Zurich, despite high property prices of €23,800 (£19,985) per square meter and a significant cost of living, ranks eighth with an index of 0.599. However, strong rental yields of €4,000 (£3,358) and a high average income of €7,300 (£6,130) justify the investment for those targeting prime properties.
(Image: Getty)
7. Barcelona
Barcelona, with an index of 0.601, offers attractive property values of €5,600 (£4,702) per square meter and a high occupancy rate of 75 percent. Rental income of €1,600 (£1,343) adds to its appeal as an investment location.
(Image: Getty)
6. Berlin
Berlin's index of 0.604 reflects a competitive market. Property costs of €7,800 (£6,549)per square meter are balanced by a 71 percent occupancy rate and moderate rental yields of €2,300 (£1,931). Decent incomes further support investment in prime properties.
(Image: Getty)